4,291 Shares in ServisFirst Bancshares, Inc. (NYSE:SFBS) Acquired by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC bought a new position in ServisFirst Bancshares, Inc. (NYSE:SFBS) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,291 shares of the financial services provider’s stock, valued at approximately $364,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd bought a new position in ServisFirst Bancshares during the fourth quarter worth about $69,000. Sterling Capital Management LLC lifted its holdings in shares of ServisFirst Bancshares by 761.6% during the 4th quarter. Sterling Capital Management LLC now owns 1,189 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 1,051 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of ServisFirst Bancshares by 169.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 747 shares during the period. KBC Group NV increased its stake in ServisFirst Bancshares by 52.4% during the 4th quarter. KBC Group NV now owns 2,326 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 800 shares in the last quarter. Finally, Peapack Gladstone Financial Corp acquired a new stake in ServisFirst Bancshares during the 3rd quarter worth approximately $234,000. 67.31% of the stock is owned by institutional investors.

ServisFirst Bancshares Trading Up 0.5 %

NYSE SFBS opened at $69.32 on Wednesday. ServisFirst Bancshares, Inc. has a 52 week low of $58.11 and a 52 week high of $101.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95. The stock’s 50 day moving average price is $82.56 and its two-hundred day moving average price is $86.40. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 16.66 and a beta of 0.89.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%. During the same period last year, the firm earned $0.91 EPS. As a group, analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, April 1st were issued a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Tuesday, April 1st. ServisFirst Bancshares’s payout ratio is 32.21%.

Wall Street Analyst Weigh In

SFBS has been the subject of several research analyst reports. Piper Sandler upped their price target on shares of ServisFirst Bancshares from $95.00 to $96.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. StockNews.com raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, January 5th.

Insider Activity at ServisFirst Bancshares

In related news, Director Christopher J. Mettler sold 18,000 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $88.68, for a total transaction of $1,596,240.00. Following the transaction, the director now directly owns 17,436 shares in the company, valued at approximately $1,546,224.48. The trade was a 50.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.40% of the stock is owned by company insiders.

ServisFirst Bancshares Profile

ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides various banking services to individual and corporate customers. It accepts demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. The company's loan products include commercial lending products, including seasonal, bridge, and term loans for working capital, expansion of the business, acquisition of property, and plant and equipment, as well as commercial lines of credit; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans, such as home equity loans, vehicle financing, loans secured by deposits, and secured and unsecured personal loans.